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WIPO Administrative Panel Decision in 'Corinthians.com' Dispute
'Corinthians Licenciamentos LTDA v. David Sallen, Sallen Enterprises, and J. D. Sallen Enterprises,' WIPO Case No. D2000-0461In further evidence that international securities plaintiffs are invading U.S. courts, Coughlin is claiming on behalf of a group of Hong Kong investors that HSBC failed in its obligations to back Lehman investment products.
With Terra Firma's fraud claim due to go to the jury this week, the judge has been busy reducing the stakes. Plus: At Paul Weiss's request, Rakoff removes a Terra juror thanked in the credits of Michael Moore's movie about the financial crisis.
Thanks to the Madoff meltdown, the term "feeder fund" has officially become part of our vocabulary. In this context, it refers to funds that poured billions of dollars into the mysterious black hole known as Bernard L. Madoff Securities. And, not surprisingly, those funds have been sued by their investors for allegedly abdicating their responsibilities.
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